Travelers 2009 Annual Report Download - page 83

Item 6. SELECTED FINANCIAL DATA
At and for the year ended December 31,
2009 2008 2007 2006 2005
(in millions, except per share amounts)
Total revenues ........................ $ 24,680 $ 24,477 $ 26,017 $ 25,090 $ 24,365
Income from continuing operations . . . . . . . . . $ 3,622 $ 2,924 $ 4,601 $ 4,208 $ 2,061
Loss from discontinued operations(1) . . . . . . . —— — — (439)
Net income .......................... $ 3,622 $ 2,924 $ 4,601 $ 4,208 $ 1,622
Total investments ...................... $ 74,965 $ 70,738 $ 74,818 $ 72,268 $ 68,287
Total assets .......................... 109,560 109,632 115,224 115,292 113,736
Claims and claim adjustment expense reserves . 53,127 54,723 57,700 59,288 61,090
Total debt ........................... 6,527 6,181 6,242 5,760 5,850
Total liabilities........................ 82,145 84,313 88,608 90,157 91,433
Total shareholders’ equity . . . . . . . . . . . . . . . . 27,415 25,319 26,616 25,135 22,303
Basic earnings per share(2):
Income from continuing operations . . . . . . . . . $ 6.38 $ 4.87 $ 7.00 $ 6.07 $ 3.02
Loss from discontinued operations(1) . . . . . . . —— — — (0.65)
Net income .......................... $ 6.38 $ 4.87 $ 7.00 $ 6.07 $ 2.37
Diluted earnings per share(2):
Income from continuing operations . . . . . . . . . $ 6.33 $ 4.81 $ 6.85 $ 5.89 $ 2.93
Loss from discontinued operations(1) . . . . . . . —— — — (0.61)
Net income .......................... $ 6.33 $ 4.81 $ 6.85 $ 5.89 $ 2.32
Year-end common shares outstanding . . . . . . . 520.3 585.1 627.8 678.3 693.4
Per common share amounts:
Cash dividends........................ $ 1.23 $ 1.19 $ 1.13 $ 1.01 $ 0.91
Book value .......................... $ 52.54 $ 43.12 $ 42.22 $ 36.86 $ 31.94
(1) In August 2005, the Company completed its divestiture of Nuveen Investments, Inc., its asset
management subsidiary acquired in the merger. Accordingly, the Company’s share of Nuveen
Investments’ results prior to the divestiture was classified as discontinued operations, along with
the net after-tax loss on disposal.
(2) On January 1, 2009, the Company adopted the FASB’s updated accounting guidance related to
earnings per share. The impact of the adoption of this guidance was a reduction of previously
reported basic earnings per share by $0.03, $0.04, $0.05 and $0.02 per share for the years ended
December 31, 2008, 2007, 2006 and 2005, respectively, and a reduction of previously reported
diluted earnings per share by $0.01, $0.01, $0.02 and $0.01 per share for the years ended
December 31, 2008, 2007, 2006 and 2005, respectively.
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